Bankruptcy Judge Approves Liquidation of Ohio’s Forum Health

A U.S. Bankruptcy Judge has approved has approved the Chapter 11 liquidation plan of Ohio-based Forum Health despite objections from unsecured creditors, according to a Bloomberg report.

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Forum, which operated three hospitals, sold the majority of its assets to Community Health Systems last summer for $120 million.

Forum filed for Chapter 11 in March 2009. The health system lost a reported $100 million from operations in the four years before it filed for bankruptcy, according to the report.

Read the Bloomberg report on Forum Health.

Related Articles on Forum Health:

Forum Health Cannot Use Donations to Pay Unsecured Creditors
CHS Completes Acquisition of Ohio’s Forum Health

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